Android

Carrier IQ - What can I do?

So I recall there being a brouhaha in the tech world earlier this year about Carrier IQ but in all the articles, blog posts, etc. I do not recall what the final word was on the issue and what, if anything, device owners can do.

I just got a new smartphone and downloaded an app which detected Carrier IQ was on my phone. What can I do about this and should I worry about it?